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SWGAY Swatch Group AG (PK)

9.80
-0.13 (-1.31%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Swatch Group AG (PK) USOTC:SWGAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.13 -1.31% 9.80 9.79 9.95 10.05 9.79 10.01 107,753 21:02:13

Swatch CEO Still Considers CHF8 Billion Sales Target Feasible-Report

11/11/2012 3:24pm

Dow Jones News


Swatch (PK) (USOTC:SWGAY)
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Swatch Group AG (UHR.VX) may still reach its goal to post sales of 8 billion Swiss francs ($8.5 billion) this year, the watchmaker's chief executive tells weekly NZZ am Sonntag.

"We continue to fight to reach our goal of 8 billion francs in total sales," despite headwinds from the strong franc, Nick Hayek said.

Swatch is affected heavily when the franc is strong because the watchmaker produces 90% of its products in Switzerland, of which around 90% are being sold abroad, he said.

For the six months to June 30, Swatch reported sales of CHF3.85 billion, a rise of 14% from the year-earlier period.

Newspaper website: http:www.nzz.ch

Write to Anita Greil at anita.greil@wsj.com

Order free Annual Report for The Swatch Group AG

Visit http://djnweurope.ar.wilink.com/?ticker=CH0012255151 or call +44 (0)208 391 6028

Order free Annual Report for The Swatch Group AG

Visit http://djnweurope.ar.wilink.com/?ticker=US8701231065 or call +44 (0)208 391 6028

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